insurance problems
Leslilake1 at aol.com
Leslilake1 at aol.com
Wed Apr 19 23:04:09 PDT 2000
Went to pay my car insurance bill today, and in the course of discussing why
my rates were increasing despite clean record, my agent told me that Allstate
would be "firing" all of its agents by next year - and nobody knows exactly
what's going to happen after that - their services to be replaced by the
Internet, possibly. He also said that he wasn't able to write policies for
80% of the business that walked in his door because of credit problems. And
that he had had to lay off all of his staff except his wife because of his
margins being squeezed by Allstate. And that - I didn't get the details of
this - that the insurance business was in big trouble generally, not only
Allstate, and there were going to be big rate hikes next year. I had to stop
talking because there were people waiting behind me - does anybody have any
background on this?
LJ
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